Tips For Buying a Home

You may be asking yourself where to begin…
You can find the answers and peace of mind by working with me. Empire Realty Group is a trusted leader in the real estate industry.

Want to become your own landlord? Here are some tips.

1. Hire a real estate professional
This is an important first step. Working with a buyer’s agent should be considered since they are legally responsible to represent the buyer’s best interests. Make sure your Realtor explains to you the pros and cons of working with a buyer’s agent, a seller’s agent, or a dual agent. I will guide you through every step in buying a home.

2. Be sure to shop for mortgage rates and terms
Even a half a percentage point makes a huge difference in what you pay over the life of a loan. On a $100,000 mortgage at 8% vs 7.5% for a 30-year loan, you would pay $35 per month or $12,600 for the life of the loan. You can trust me to help you find the right lender for you and your situation.

3. Importance of being preapproved for a loan
Determining upfront what you can afford allows you to be able to move quickly when you find the right home. This is especially important when there are competing offers and assures the seller you are ready and able to buy.

4. Decide what you want
List features you must have and those you would enjoy. As you progress in house hunting, your list might change. As your agent, I will keep you posted when new listings come up that match your criteria. I will show you the properties that ten will meet your expectations and fulfill your needs. As you look at homes for sale, you can keep track of your favorites via our Dream Home Finder.

5. Keep in mind resale value
I have the experience to help you understand features that might enhance or detract from resale value.

6. Develop a rating system
If you view a lot of homes, it can be helpful to note what you like and did not like after each home tour. You can develop your own rating system and use your new favorite as the standard.

7. Time to make an offer

When you have found your dream home, I will guide you with the financial and contractual aspects of the purchase. As your buyer’s agent, I will negotiate on your behalf and represent your best interests.

8. Home inspection
I can make your offer conditioned on inspections and/or tests, help you find a reliable inspector, and if necessary assist in working out any issues.

9. Preparing for the closing

  • Fulfill any conditions on the mortgage commitment
  • Obtain homeowners insurance
  • Work with your attorney as they prepare closing document: title, survey, deed, abstract required funds, mortgage documents

I will arrange a pre-closing walk-through. Make sure that utilities are in your name the day of closing.